Legendary Trader Peter Brandt Reveals What's Behind 'Bitcoin Is Dead' Claim of Peter Schiff
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 19 2024- Bitcoin Price Surge: Bitcoin's price rose by 9.3% to over $67,000 per BTC, marking a significant weekly increase since early March.
- Peter Schiff's Criticism: Precious metals advocate Peter Schiff dismissed Bitcoin's recovery, claiming silver offers higher returns and labeling Bitcoin as a failed investment.
- Peter Brandt's Response: Veteran trader Peter Brandt advised ignoring Schiff's comments, suggesting they were attention-seeking rather than insightful.
- Schiff's Warning on Bitcoin: Schiff warned of high risks associated with investing in Bitcoin, calling it a speculative asset with no intrinsic value.
- Ongoing Debate: The public disagreement between Schiff and Brandt reflects the broader debate in the financial community about the future of cryptocurrency and traditional assets like silver.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
